Unilever 2001 Annual Report Download - page 62

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Unilever Annual Report & Accounts and Form 20-F 2001
NOTES TO THE CONSOLIDATED ACCOUNTS
Unilever Group
>59
Financial Statements
1 Segmental information continued
Additional segmental information as required by SFAS 131
Unilever is organised as a matrix; accordingly, segmental information is provided in accordance with SFAS 131 on the basis of product
categories. For management reporting purposes Unilever uses a number of measures of segment performance at constant average rates
of exchange (that is, the same rates as in the preceding year). The internal management measure of profit which is most consistent with
operating profit reported in the accounts is ‘Trading Result’. This measure differs from operating profit, mainly because it excludes
amortisation of goodwill and intangibles and includes depreciation on the basis of replacement cost. There are a number of additional
adjustments, including the application of an inflation charge on working capital which is added back in order to arrive at operating profit,
and certain other statistical items. Tangible fixed assets are measured at depreciated replacement cost for management reporting purposes.
million million million million million million million
Oil & dairy Home care &
based foods Ice cream & Culinary & professional Personal Other
Analysis by operation and bakery beverages frozen foods cleaning care operations Total
2001
Group turnover
At constant 2000 exchange rates 8 723 7 823 11 976 10 848 12 681 632 52 683
Exchange rate adjustments (138) (128) (101) (416) (374) (12) (1 169)
At current 2001 exchange rates 8 585 7 695 11 875 10 432 12 307 620 51 514
Trading result
At constant 2000 exchange rates 1 001 471 2 240 660 2 255 61 6 688
Exchange rate adjustments 1 4 (8) (30) (74) (2) (109)
At current 2001 exchange rates 1 002 475 2 232 630 2 181 59 6 579
Amortisation of goodwill
and intangibles (1 387)
Other adjustments (18)
Group operating profit 5 174
2000
Group turnover
At constant 1999 exchange rates 7 420 7 002 7 832 9 439 11 321 779 43 793
Exchange rate adjustments 510 599 535 819 1 246 80 3 789
At current 2000 exchange rates 7 930 7 601 8 367 10 258 12 567 859 47 582
Trading result
At constant 1999 exchange rates 965 414 691 519 909 27 3 525
Exchange rate adjustments 47 34 70 34 44 (1) 228
At current 2000 exchange rates 1 012 448 761 553 953 26 3 753
Amortisation of goodwill
and intangibles (435)
Other adjustments (16)
Group operating profit 3 302
1999
Group turnover
At constant 1998 exchange rates 7 345 6 651 6 468 9 327 10 629 824 41 244
Exchange rate adjustments (67) (14) (44) (221) 46 33 (267)
At current 1999 exchange rates 7 278 6 637 6 424 9 106 10 675 857 40 977
Trading result
At constant 1998 exchange rates 653 558 506 813 1 515 77 4 122
Exchange rate adjustments (4) 6 9 (8) 1 1 5
At current 1999 exchange rates 649 564 515 805 1 516 78 4 127
Amortisation of goodwill
and intangibles (23)
Other adjustments 199
Group operating profit 4 303